Apple 2002 Annual Report Download - page 69

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We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Those standards require
that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement
presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Apple
Computer, Inc. and subsidiaries as of September 28, 2002 and September 29, 2001, and the results of their operations and their cash flows for
each of the years in the three-year period ended September 28, 2002, in conformity with accounting principles generally accepted in the United
States of America.
As discussed in Note 1 to the consolidated financial statements, the Company changed its method of accounting for goodwill in 2002 and
changed its method of accounting for derivative instruments and hedging activities in 2001.
Mountain View, California
October 15, 2002
89
PART III
Item 10. Directors and Executive Officers of the Registrant
Directors
Listed below are the Company's five directors whose terms expire at the next annual meeting of shareholders.
William V. Campbell has been Chairman of the Board of Directors of Intuit, Inc. (Intuit) since August 1998. From September 1999 to
January 2000, Mr. Campbell acted as Chief Executive Officer of Intuit. From April 1994 to August 1998, Mr. Campbell was President and
Chief Executive Officer and a director of Intuit. From January 1991 to December 1993, Mr. Campbell was President and Chief Executive
Officer of GO Corporation. Mr. Campbell also serves on the board of directors of SanDisk Corporation and Loudcloud, Inc.
Millard S. Drexler was Chief Executive Officer of Gap Inc. from 1995 and President from 1987 until September 2002. Mr. Drexler was also a
member of the Board of Directors of Gap Inc. from November 1983 until October 2002. He also served as the President of the Gap Division
from 1983 to 1987.
Steven P. Jobs is one of the Company's co-founders and currently serves as its Chief Executive Officer. Mr. Jobs is also the Chairman and
Chief Executive Officer of Pixar Animation Studios. In addition, Mr. Jobs co-founded NeXT Software, Inc. ( NeXT ) and served as the
Chairman and Chief Executive Officer of NeXT from 1985 until 1997 when NeXT was acquired by the Company.
Arthur D. Levinson, Ph.D. has been President, Chief Executive Officer and a director of Genentech Inc. ( Genentech ) since July 1995.
Dr. Levinson has been Chairman of the Board of Directors of Genentech since September 1999. He joined Genentech in 1980 and served in a
number of executive positions, including Senior Vice President of R&D from 1993 to 1995.
Jerome B. York is Chairman and Chief Executive Officer of Micro Warehouse, Inc. Previously, he was Vice Chairman of Tracinda
Corporation from September 1995 to October 1999. In May 1993, he joined International Business Machines Corporation ( IBM ) as Senior
Vice President and Chief Financial Officer, and he served as a director of IBM from January 1995 to August 1995. Prior to joining IBM,
Mr. York served in a number of executive positions at Chrysler Corporation, including Executive Vice President-Finance and Chief Financial
Officer from May 1990 to May 1993. He also served as a director of Chrysler Corporation from 1992 to 1993. Mr. York is also a director of
Tyco International Ltd. and Metro
-
Goldwyn
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Mayer, Inc.
KPMG LLP
Name
Position With the Company
Age
Director Since
William V. Campbell
Director
62
1997
Millard S. Drexler
Director
58
1999
Steven P. Jobs
Director and Chief Executive Officer
47
1997
Arthur D. Levinson
Director
52
2000
Jerome B. York
Director
64
1997